Payments Dive: Alternative Payments Raises $22M Despite Tough Venture Climate

Payments Dive featured Alternative Payments in a broader report on B2B fintech funding, spotlighting how the company secured $22 million in a market where investors are wary and budgets are tight. In an interview, CEO Baxter Lanius described the economic landscape as “frozen,” with decision-making stalled across the board—but noted that solving deep-rooted operational pain points continues to resonate with buyers and investors alike.

The article highlights how Alternative Payments is targeting service-based sectors like IT and blue-collar industries—segments often left behind by traditional fintech platforms. The company is focused on scaling automation for receivables, payables, and reconciliation.

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